What are the pros and cons of applying an NII quota?

Pros

Cons

NII's do not need to be registered with SEBI unlike QIB's.

A minimum investment of 2 lakhs is required.

NIIs can apply for more than Rs 2 lakhs in an IPO.

NII's cannot withdraw the bid only increase the bid quantity.

Non-individual investors (NIIs) are not entitled to the price discount that is available to retail investors.

The allocation reserve is lower (15%) than RII (35%), increasing the risk of oversubscription.